02
Nov
14:14
Higher-for-longer energy prices threaten EU industrial base: Moody's
Prolonged geopolitical uncertainty, coupled with the need to change Europe's energy mix will keep energy prices higher for longer, posing a major terms-of-trade shock to European economies, says Moody’s.
This holds especially relative to low-energy-cost competitors like the US. “This disadvantage could weaken the region's long-term price competitiveness and lead to a structural decline in the European Union's industrial bases over the mediu…
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Anonymous
Very good overview of the weekly steel market.
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